Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of share-based compensation activity

A summary of activity for the Company’s Share-Based Awards for the year ended December 31, 2021 is presented below:


	Shares or Units (1)	Weighted-Average Grant-Date Fair Value (per share or unit)		Aggregate Intrinsic Value (in millions)








Non-vested at December 31, 2020	2,454,641	$	19.01	$	37
Granted	950,744	19.46
Vested	(857,901)	21.14
Forfeited	(254,379)	19.66
Non-vested at December 31, 2021	2,293,105	$	18.23	$	62

(1)As of December 31, 2021, there are no outstanding awards under the LTIPs, and the only outstanding and unvested awards are issued in connection with and not under the LTIPs.

A summary of total share based compensation expense and unrecognized compensation expense related to the Share-Based Awards and the Company’s performance awards, the amounts allocated to each of the Company’s segments, and the amounts that were not allocated to segments during the years ended December 31, 2021, 2020, and 2019 is presented below:


	Expenses						Unrecognized Expense
	For the year ended December 31,						At December 31, 2021
(in millions)	2021		2020		2019		Amount		Weighted-Average Remaining Years
Share based awards:
Incentive Units	$	22	$	3	$	12	$	27	2.4
Phantom Units	27		1		5		19		2.0

Performance awards:
CEO Performance Award (1)	(3)		—		—		10		3.0


Total expense	$	46	$	4	$	17	$	56

(1)All expenses, recognized and unrecognized, related to the CEO Performance Award are contingent upon whether the performance parameters are probable of being met. If the performance parameters are not met, no expense will be recognized.